Office

5775 E Los Angeles Ave

5775 E Los Angeles Ave, Simi Valley, CA 93063

Listing Price: $4,385,000

Cap Rate
6.58%
Gross SF
23,997
Rentable SF
23,997
Price/Gross SF
$182.73
Lot Size
1.84 acres
Year Built
1981

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present 5775 E Los Angeles Avenue (“the Property”), ("5775"), a two-story, boutique suburban office building located in Simi Valley, California. 5775 is a compelling opportunity to acquire a 100% occupied, well-maintained executive office building in an affluent community that looks to take advantage of the increased demand for suburban office space due to the Covid-19 pandemic. Strong initial yield, high historical occupancy and a diverse and seasoned tenant roster that are largely immune to the work from home trend create an enduring and stable cash flow. Located on Los Angeles Avenue, Simi Valley's main thoroughfare, the Property benefits from abundant walkable amenities, excellent regional access, and premier retail frontage. Built in 1981, this architecturally interesting building is constructed perfectly to attract the region's small- and medium-sized tenant demand. 5775 is offered on a fee simple basis, and at a steep discount to replacement cost.

Investment Highlights

  • Post Covid-19 Desirable Boutique Suburban Office
  • 100% Occupied with Strong Historical Occupancy
  • Small Footprint Suites Match Market Demand
  • Stable Tenancy Resistant to Work From Home
  • Offered at a Significant Discount to Replacement Cost

Exclusively Listed By

Listing Price: $4,385,000

Cap Rate
6.58%
Gross SF
23,997
Rentable SF
23,997
Price/Gross SF
$182.73
Lot Size
1.84 acres
Year Built
1981

Investment Highlights

  • Post Covid-19 Desirable Boutique Suburban Office
  • 100% Occupied with Strong Historical Occupancy
  • Small Footprint Suites Match Market Demand
  • Stable Tenancy Resistant to Work From Home
  • Offered at a Significant Discount to Replacement Cost

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present 5775 E Los Angeles Avenue (“the Property”), ("5775"), a two-story, boutique suburban office building located in Simi Valley, California. 5775 is a compelling opportunity to acquire a 100% occupied, well-maintained executive office building in an affluent community that looks to take advantage of the increased demand for suburban office space due to the Covid-19 pandemic. Strong initial yield, high historical occupancy and a diverse and seasoned tenant roster that are largely immune to the work from home trend create an enduring and stable cash flow. Located on Los Angeles Avenue, Simi Valley's main thoroughfare, the Property benefits from abundant walkable amenities, excellent regional access, and premier retail frontage. Built in 1981, this architecturally interesting building is constructed perfectly to attract the region's small- and medium-sized tenant demand. 5775 is offered on a fee simple basis, and at a steep discount to replacement cost.

Exclusively Listed By

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